1. Cryptocurrencies Project Ideas
Transaction Statistics, Exchange,
Bitcoin Preserved Wallet

2. 1. Bitcoin Transaction Analysis
Velocity of Bitcoin:
Analyze transactions over time, calculating “age” of Bitcoin spent. Attempt to id and omit mixing, aggregation, and other “churn” transactions.
Merchant vs Individual vs Exchange Addresses
Attempt to infer type of user using other transactions for same address, node addresses, ip addresses, … . Produce network and trend graphs.
Calculate velocity, transaction size by user type

3. 1. Bitcoin Transaction Analysis
Required Bitcoin software:
Run Bitcoin Core
Full Node, Wallet
Use Bitcoin Block Explorer APIs
GUI and tabular output
Graph over time
Network graph
Dedicated hardware available for use
Technologies TBD

4. 2. Arbitrage
Use APIs from existing centralized and decentralized exchanges
Start with GDAX (centralized) and LocalBitCoins (decentralized – use PayPal transactions)
Build structure such that other exchanges may be added, including
Centralized: Gemini, Kraken, Bitstamp, CEX.io
Decentralized: ?OpenANX
Crypto-currency only: Poloniex, Bittrex, ShapeShift
Identify arbitrage opportunities, inclusive of fees on both sides
Start with BTC-USD
Build structure to handle other pairs

5. 2. Arbitrage Identify potential trades within parameters
Spread, Pairs, Exchanges
Initially; manual trade initiation only
Future ability for auto-generated trades, within parameters
Each account is linked to corresponding exchange or PayPal accounts
Ability to create multiple user accounts

6. 2. Arbitrage Web GUI; languages TBD AWS or other cloud-based
Live accounts

7. 3. Bitcoin Preserved Wallet
Start with Bitcoin Core Wallet, BitKey, or other open source wallet
Create accounts such that
When an incoming transaction is recognized, another pending (pay to script) transaction is automatically created to pay the balance to a known distribution account in a fixed amount of time (years)
Funds can be partially or fully withdrawn at any time
Periodic activity checks create new pending transactions (superceding previous) resetting rolling future date, or ping the user in the case of no activity

8. 3. Bitcoin Preserved Wallet
If no activity and no response to pings, after a configurable delay, the transaction will be submitted and the account will be distributed in one of the following ways
Bitcoin will be cashed to selected fiat currency (e.g. USD, EUR), recipients will be contacted, verified and sent the proceeds
Recipients will be contacted, verified and sent new wallet info
The balance will be sent to another wallet account
Distribution info written to blockchain by transaction
Distribution info can be changed at any time
Distribution accounts likely at entity such as Fund or Insurance Co.